COMPLIANCE WITH SECTION 21 IS MANDATORY BEFORE COMMENCING ARBITRAL PROCEEDINGS AFTER SETTING ASIDE OF ARBITRAL AWARD
The Bombay High Court in Harkisandas Tulsidas Pabari & Anr. v. Rajendra Anandrao Acharya & Ors[1]. exercised its jurisdiction under Section 37 of Arbitration & Conciliation Act, 1996 (“Act”) to dismiss the Arbitration Appeals filed by the Appellants and upheld the Order passed by the Single Judge under Section 34 of the Act which set …
Counterclaims and Beyond: A Comparative Analysis of the India-Uzbekistan Bilateral Investment Treaty and India’s Treaty practice
Samir Malik*, M. Shahan Ulla**, Aryan Mehta*** Introduction On 27th September 2024, India and Uzbekistan signed a Bilateral Investment Treaty (“the Uzbekistan BIT”) in Tashkent to bolster investment relations and create a more robust and resilient investment environment. This BIT has been in force since 15th May 2025, a culmination of trade relations that extend …
India’s Lemon Law Moment: Evolving Product Liability and Recall Regime in the Automotive Sector
Introduction Few frustrations compare to owning an unreliable vehicle. A car that repeatedly breaks down despite multiple repairs may be considered a “lemon”, a term popularized in the U.S. In such cases, consumers may be entitled to a refund, replacement, or compensation under “lemon laws”—a critical protection that has become standard in several countries. Lemon …
RBI’s Project Finance Directions 2025 – ‘Reins in Check’ with reasonable flexibility
Background In its Statement on Developmental and Regulatory Policy Measures issued in October 2023, the RBI recognised the importance of having a strong regulatory framework to govern the Indian project finance landscape, especially with respect to income recognition, asset classification and provisioning requirements for projects under implementation. RBI indicated that extant prudential norms would soon …
AI HALLUCINATIONS: WHEN CREATION COMES AT A COST, WHO PAYS?
Artificial Intelligence has transformed the way information is processed and consumed, offering unprecedented capabilities and value across fields like medicine, law, journalism, and finance.